Apollo Insurance Raises CAD$18.5 Million to Expand Digital Insurance Platform and Enhance Offerings

Apollo Insurance's Financing and Expansion

Key Highlights:

• Financing: Raised CAD$18.5 million in financing led by Fair Capital Partners and Innovation Federal Credit Union.
• Embedded Finance Innovator: Apollo Insurance is a digital insurance provider and innovator in the emerging embedded finance sector.
• Proprietary Platform: Offers an online platform that enables insurance agents and customers to purchase policies instantly, anytime, and from any device.
• Buy-Now-Pay-Later Subsidiary: Recently launched FinShore, a subsidiary that provides a fully embedded monthly payment option for insurance premiums.

Apollo Insurance's Target Market

• Target Market: Canadian individuals and businesses seeking digital insurance solutions with convenient purchasing options.
• Property Management Companies and Proptechs: Partnerships with companies in the property management and proptech sectors to embed insurance products into their workflows.
• Insurance Brokers and Organizations: Collaborations with insurance brokers and organizations to facilitate insurance transactions and provide enhanced services to their clients.

What Apollo Insurance Needs to Buy

• Technology and Development Partnerships: Collaborations with technology companies and developers to enhance their digital insurance platform and expand its capabilities.
• Marketing and Branding Services: Engaging with marketing agencies to increase brand awareness and reach their target market.
• Partnerships with Financial Institutions: Collaborations with financial institutions to offer innovative financial solutions and expand their embedded finance offerings.